Kontoor Brands, Inc. $KTB Shares Purchased by Comerica Bank

Comerica Bank raised its position in shares of Kontoor Brands, Inc. (NYSE:KTB) by 11.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 75,200 shares of the company’s stock after purchasing an additional 7,910 shares during the quarter. Comerica Bank’s holdings in Kontoor Brands were worth $4,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KTB. Clearstead Advisors LLC raised its position in shares of Kontoor Brands by 2,538.5% during the 3rd quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock worth $27,000 after purchasing an additional 330 shares during the period. Salomon & Ludwin LLC lifted its holdings in shares of Kontoor Brands by 2,614.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 380 shares of the company’s stock worth $31,000 after purchasing an additional 366 shares during the last quarter. First Horizon Corp bought a new stake in shares of Kontoor Brands in the 3rd quarter worth approximately $31,000. Assetmark Inc. lifted its holdings in shares of Kontoor Brands by 532.3% in the 3rd quarter. Assetmark Inc. now owns 392 shares of the company’s stock worth $31,000 after purchasing an additional 330 shares during the last quarter. Finally, Private Trust Co. NA bought a new stake in shares of Kontoor Brands in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KTB. Barclays raised their price target on Kontoor Brands from $74.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. UBS Group raised their price target on Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Wall Street Zen raised Kontoor Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Wells Fargo & Company raised their price target on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Stifel Nicolaus raised their price target on Kontoor Brands from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.00.

Kontoor Brands Stock Down 1.5%

KTB opened at $72.25 on Friday. Kontoor Brands, Inc. has a 12 month low of $53.55 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.82 and a quick ratio of 0.87. The stock has a market cap of $3.99 billion, a P/E ratio of 17.84 and a beta of 0.91. The stock’s 50 day moving average price is $70.84 and its 200 day moving average price is $69.59.

Kontoor Brands (NYSE:KTB) last posted its earnings results on Tuesday, March 3rd. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.65 by $0.08. Kontoor Brands had a return on equity of 62.02% and a net margin of 7.22%.During the same period in the previous year, the company posted $1.38 EPS. The company’s revenue was up 45.6% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. As a group, research analysts predict that Kontoor Brands, Inc. will post 6.46 earnings per share for the current year.

Kontoor Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 8th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, June 8th. This represents a $2.12 annualized dividend and a dividend yield of 2.9%. Kontoor Brands’s dividend payout ratio (DPR) is 52.35%.

About Kontoor Brands

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.